Supplier invoices, or cost invoices, specify and charge payment for the products or services that is agreed between supplier and customer/company. The supplier invoices can advantageously be put into a workflow – all the way from the receipt to approval, accounting in the company’s ERP system and finally to the payment.
Supplier invoices in Acubiz
Digitize and automate your invoice management with Acubiz Invoice. The results of doing so are productivity boosts, easier workflows and greater transparency.
The finance user:
Benefits of automatic invoice management
Going from manual to automatic invoice management is beneficial for businesses in many ways. The risk of cost invoices disappearing is minimal, and the entire invoice flow is significantly faster – from receipt to bookkeeping entry, distribution, approval and finally to payment and export of data to the finance system. Acubiz Invoice manage the invoice flow through three steps.
The digital and automatic flow to manage the company’s costs on the supplier side provides, without doubt, a better and more comprehensive overview. At the same time, it creates transparency and improves control over cost invoices.
Effective approval process
Acubiz Invoice is not only beneficial for the finance department. All employees who deal with supplier invoices will experience an easier workflow. The approval process when managing supplier invoices manually is both cumbersome and time-consuming, as it often is paper-driven or driven by emails going back and forth. An automatic approval process will ensure that payment deadlines are met and therefore will the company avoid reminder fees and strained relationships with its suppliers.
Consider collecting all types of expenses
Supplier invoices are part of a larger expense ecosystem where they are one of many expenses that occur when running a business and when employees are doing their job. Therefore, it makes sense to find out whether other types of expenses, besides supplier invoices, can be digitized and automated – that could be out-of-pocket outlays, purchases made on company cards, mileage, registration of project hours and more. You can read more about the different types of expenses that can be managed in Acubiz further down this page.
Read more about invoice management in Acupedia
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